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| G7 |
The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.
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| G10 |
G7 plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved. |
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| Gap |
A mismatch between maturities and cash flows in a bank or individual dealers position book. Gap exposure is effectively interest rate exposure.
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| Going long |
The purchase of a stock, commodity, or currency for investment or speculation |
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| Going short |
The selling of a currency or instrument not owned by the seller.
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| Gold Standard |
The original system for supporting the value of currency issued. The was that where the price of gold is fixed against the currency it means that the increased supply of gold does not lower the price of gold but causes prices to increase |
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| Good until canceled |
An instruction to a broker that unlike normal practice the order does not expire at the end of the trading day, although normally terminates at the end of the trading month.
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| Grid |
Fixed margin within which exchange rates are allowed to fluctuate. |
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| Gross Domestic Product |
Total value of a country's output, income or expenditure produced within the country's physical borders |
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| Gross National Product |
Gross domestic product plus " factor income from abroad" - income earned from investment or work abroad |
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| GTC |
An order which is valid until cancelled by the customer. Unless specified GTC, unfilled orders expire at the end of the trading day |
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| GTW |
Order which is valid only for the week in which it is placed |
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| Gold Fixing |
The setting of the gold price at 10:30 a.m. (first fixing) and 3:00 p.m. (second fixing) in London by representatives of the London gold market. |
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